DGEAF News and Press, Diageo Plc Ord From 07/18/22

The equity correction has brought stock prices and sentiment closer to levels where risk/reward becomes asymmetric to the upside. We believe a pickup in merger & acquisition activity would be an early signal that undervalued assets are becoming monetized. Steadily growing, highly ...

Steadily growing, highly free-cash-flow-generative and more moderately valued companies enabled the Strategy to outperform through a sharp market pullback. Heightened volatility provided opportunities to purchase shares in growth companies on our watchlist, as well as add to existing ...

Gabelli Funds’ 13F portfolio value decreased from $15.84B to $15.22B this quarter. They increased Paramount Global and S&P Global while decreasing PNM Resources. The top five positions are Alphabet, Microsoft, NextEra Energy, Newmont, and Apple, and they add up to ~7% o...

Tweedy, Browne’s 13F portfolio value decreased from $3.15B to $3.10B this quarter. They added Ionis Pharma and Thor Industries and increased Intel while decreasing AutoZone, Cisco Systems, and Carlisle Companies. Alphabet at ~19% of the portfolio is the largest position. ...

Diageo stock has now fallen by 23.0% in USD from its peak in early January, and trades at a 26.9x P/E and 2.1% Dividend Yield. Structural growth in global spirits is continuing. Diageo now targets a sales CAGR of 5-7% and an EBIT CAGR of 6-9% in FY23-25. Sales were 21% higher orga...

The tobacco industry stays on top of the sector regarding valuation and quality scores. Food and staples retail is the most overvalued industry. KXI, a global alternative to XLP. 8 stocks cheaper than their peers in May. For further details see: KXI: Consumer Staples...

Tweedy, Browne Company LLC provides investment advisory services. The Company offers portfolio management, financial planning, and consulting services for individuals, institutions, partnerships, pension and profit-sharing plans, charitable foundations, trusts, and offshore funds. Tweedy,...

“Sin stocks” in the tobacco, alcohol, and gambling industries have historically outperformed the market on a total return basis. The stigma attached to these stocks gives them lower valuations, giving higher implied upside and making buybacks more accretive to earnings p...

We are upgrading Pernod Ricard to Buy after shares fell 13.5% from their peak, back to the level at our downgrade in June 2021. Pernod Ricard is a top global Spirits company and is benefiting from structural trends, including premiumization and rising affluence. Pernod Ricard targ...

MGP Ingredients has done well to grow its operations in recent years, with profits and cash flows following suit. The company isn't exactly cheap, but it's definitely not overpriced either. In fact, shares look cheap relative to its peers and, on the whole, it likely offers some n...